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Greece never was any more than the canary in the mineshaft, a mere outrider for much wider and more fundamental problems in the eurozone. The European Commission's latest economic forecasts, which optimistically point to slow recovery from the second half of this year, more than prove the point. As can be seen, the Commission has [...]read more

Greece was the beta test. Now Germany, whose plan to enact a European fiscal pact in exchange for soaring Bundesbank and economic support of the PIIGS has so far delayed the inevitable, is seeking wider powers to "supervise" Europea...